Emerson Electric Co. (NYSE:EMR) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,637 shares of the industrial products company's stock after selling 30,890 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Emerson Electric were worth $1,938,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

EMR has been the subject of several research reports. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.24.

Emerson Electric Stock Down 1.4%

Shares of NYSE EMR traded down $1.63 during mid-day trading on Tuesday, hitting $117.95. The company had a trading volume of 2,770,618 shares, compared to its average volume of 2,911,334. The company has a market capitalization of $66.35 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The business's 50-day simple moving average is $107.58 and its 200 day simple moving average is $119.09.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the firm earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.